Solid advice and prudent planning make all the difference. As Canadians adjust their home-buying strategies, professional advice is paramount to ensure they understand their options and what is possible, MortgagePRO brokers say. An advisor can … Read More
Home equity can be used as business loan!
Financing options After navigating the COVID-19 pandemic, many small businesses in Canada continue to struggle as they face rising inflation and the looming possibility of a global recession. Despite these unstable conditions, 83% of small … Read More
What will spring bring in Real Estate
According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend … Read More
Traditional vs Collateral Mortgages Explained! RBC!
ROYAL BANK! A mortgage is a legal document for borrowing money, usually from a bank. That gives the lender the right to take possession of your house if the loan is not repaid as scheduled. … Read More
Ban on foreign buyers not a bullseye!
Before the finalization of the regulations, CAPL urged the government to reconsider the definition of “acquire” so that mortgage lending entities with 3% or more foreign ownership, which gain possession, control, or right of the … Read More
Importance of having a plan and a budget!
Step 1: Determine your income When creating a budget, the first step is determining your income. Understanding how much money you make is essential to know how much you can spend. Rather than budgeting for … Read More
The right mortgage product is more crucial than rate!
The importance of choosing the right mortgage features, and it is more important sometimes than the rate of your mortgage! A common mistake some mortgage shoppers make is focusing entirely on getting the lowest rate.Don’t … Read More
Refinance now or later?
Fixed mortgage rates have been steadily increasing these days, making this a big deal in the mortgage world.Fixed rates have increased by about one percentage point, or 100 basis points, since the start of this … Read More
Spring is in the air
Strong seller market? There are only a few weeks left until spring! So let’s take a look at the market trends for the upcoming Spring season since some of you might be ready to buy … Read More
The mortgage rate hike has begun.
At this time Bank of Canada raise rates only slithly at its recent meeting of January, it is clear that interest rates are on their way up. It is understandable that those with variable-rate mortgages … Read More